Published On: Wed, Feb 7th, 2018

This European Royal Family is Looking to Invest in Bitcoin

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The Crown Prince of Liechtenstein, a tiny country in central Europe, has expressed interest in investing in alternate asset classes, specifically Bitcoin.
Crown Prince Eyes King of Crypto
Nestled between Switzerland and Austria, Liechtenstein is a German-speaking micro-state headed by the Price of Liechtenstein, but most of the actual power is held by his son Crown Prince Alois. During the aftermath of the World War II, the once great family was forced to sell their stunning art collection to stay afloat.
Now, with their finances in check and the collection well into the process of being rebuilt, the family is looking to venture into new investments, something even as volatile as Bitcoin. He’s hoping that investing in this new digital economy will one day restore his family’s wealth.

Crown Prince Alois told CNBC:
Particularly with this whole new digital economy, it is something to look into more into in the future.
The Crown Prince acknowledged that cryptocurrencies were still extremely risky. However, the technology behind many cryptocurrencies, the blockchain, could be used to streamline some industries including Liechtenstein’s government operations.
He mentioned that the royal family did not have experts on hand to handle …

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